The Inaugural Qatar-UAE Trade Mission was organized by the state-owned Qatar Development Bank
In a collaborative move to strengthen the joint economic cooperation between Qatar and the United Arab Emirates, the Qatar Development Bank (QDB) recently organized a Qatari trade mission to the UAE, bringing together over 25 Qatari companies from various sectors.
The mission, sponsored by ‘Tasdeer’, the export promotion arm of QDB, aimed to explore unique opportunities in UAE market and develop new partnerships between the Qatari and UAE companies.
The Qatari mission included a number of sectors witnessing increasing demand, such as construction, plastics and paper industries, iron and steel, and food and beverage, in addition to innovative solutions in the fields of artificial intelligence and sports technology.
This diversity of participating companies reflects the shared vision of Qatar and UAE in the joint pursuit of economic integration based on diverse expertise and innovation.
Mutually beneficial economic relations
“This mission aims to present Qatari companies as trusted partners in the UAE market, as we look forward to empowering our longstanding economic relations with our counterparts in the United Arab Emirates,” affirmed Khalid Abdullah Al-Mana, Vice President, Enterprise Development, Qatar Development Bank.
“Our support for leading Qatari companies to access new markets enhances opportunities for joint cooperation, which contributes to the development of the local business ecosystem and serves the interests of both the Qatari and UAE economy,” he continued.
He pointed out that the UAE market presented an exceptional opportunity for Qatari companies seeking to expand, emphasizing that the mission is part of a series of initiatives aimed at strengthening trade ties between the two countries and deepening partnerships in priority sectors.
Comprehensive Programme
The B2B trade mission event took place on 19 and 20 November 2024, at the One&Only One Za’abeel hotel in Dubai, UAE. The programme included site visits and dedicated B2B meetings bringing together Qatari & UAE companies.
The event also provided a strategic platform for communication, to discuss the latest market trends and identifying joint business opportunities.
It is worth noting that the economic ties between Qatar and the UAE have grown steadily in recent years, with trade volume increasing by 19% year on year from 2021 to 2023, underscoring the importance of initiatives that support trade exchange and foster economic prosperity across the Gulf region countries.
